Evernorth Gets Green Light for Nasdaq Listing as XRP Treasury Vehicle

Evernorth is set to become a publicly traded XRP treasury company after its shareholders approved a proposed business combination with Armada Acquisition Corp. II, clearing a key step towards a Nasdaq listing.

The deal is expected to close on October 7, and trading will begin the next day under the ticker 'XRPN', provided all remaining closing conditions are met.

At closing, Evernorth expects to hold approximately 473 million XRP, positioning it as a large publicly traded pure-play XRP treasury vehicle. The company projects that its expected XRP holdings would be worth around $710 million based on the current XRP price of about $1.50 per token.